Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32632.

Sword Smith

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Quote from: derpinheimer on October 14, 2013, 04:38:05 PM

Quote from: Sword Smith on October 14, 2013, 04:34:43 PM

Quote from: byronbb on October 14, 2013, 04:31:03 PM

The SR sell-off was pretty insane imo. The market showed its hand there and the bull is on the loose.

Indeed. The rebound is a very strong signal both fundamentally and technically imo. Fundamentally because it shows that the value of bitcoins is not dependent on one single merchant or website. Technically because it mimics the behavior of the price in the march/april price rise.

I disagree. Its a mix of Gox and Bitstamp trying to be market leaders, but Gox just has a bit more pull. The fact that you cant withdraw -> price decreases can only be short term -> bitstamp follows, interprets as healthy market.

Think about it. How can Gox price possibly go down? The only way is to sell to buy back for less. The fact it went thru $110 is pretty incredible. Why has the price gone up, now? Because idle money entered the market [low placed bids] while those who sold are now taking losses and buying back in.

If you want to withdraw go to localbitcoins.com and sell your bitcoins there via bank transfers or cash sells. If you live in Europe, you can also do it here:
siriusmoney.com

derpinheimer

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Quote from: Sword Smith on October 14, 2013, 04:34:43 PM

Quote from: byronbb on October 14, 2013, 04:31:03 PM

The SR sell-off was pretty insane imo. The market showed its hand there and the bull is on the loose.

Indeed. The rebound is a very strong signal both fundamentally and technically imo. Fundamentally because it shows that the value of bitcoins is not dependent on one single merchant or website. Technically because it mimics the behavior of the price in the march/april price rise.

I disagree. Its a mix of Gox and Bitstamp trying to be market leaders, but Gox just has a bit more pull. The fact that you cant withdraw -> price decreases can only be short term -> bitstamp follows, interprets as healthy market.

Think about it. How can Gox price possibly go down? The only way is to sell to buy back for less. The fact it went thru $110 is pretty incredible. Why has the price gone up, now? Because idle money entered the market [low placed bids] while those who sold are now taking losses and buying back in.

Sword Smith

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Quote from: byronbb on October 14, 2013, 04:31:03 PM

The SR sell-off was pretty insane imo. The market showed its hand there and the bull is on the loose.

Indeed. The rebound is a very strong signal both fundamentally and technically imo. Fundamentally because it shows that the value of bitcoins is not dependent on one single merchant or website. Technically because it mimics the behavior of the price in the march/april price rise.

byronbb

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HODL OR DIE

Quote from: gmannn on October 14, 2013, 04:20:44 PM

Quote from: Spekulatius on October 14, 2013, 02:49:44 PM

Food for bears :

https://bitcointalk.org/index.php?topic=82626.new#new

A little more sideways movement and this becomes an mega inverse head and shoulders?

Inverse H&S means short term down, long term up?? The SR sell-off was pretty insane imo. The market showed its hand there and the bull is on the loose.

gmannn

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Quote from: Spekulatius on October 14, 2013, 02:49:44 PM

Food for bears :

https://bitcointalk.org/index.php?topic=82626.new#new

A little more sideways movement and this becomes an mega inverse head and shoulders?

gizmoh

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Quote from: byronbb on October 14, 2013, 04:07:49 PM

Quote from: ?? on ??

Quote from: markjamrobin on October 14, 2013, 12:16:29 PM

Apparently MTGOX press release mentions alt-currencies, maybe LTC?

Quote

Once Midas is up and running we will be able to offer the trading of other digital currencies.

Full press release: https://www.mtgox.com/press_release_20131011.html

All very nice, but people can't get fiat out of Gox so... what's the point?

This becomes more a myth as time goes on as we have seen $20million in volume last month. So either millionares are just parking USD @ gox for fun or they CAN get money out.

For every buyer of coins,there is a seller. And without withdrawal, it becomes a closed system, whatever money was there before, will remain stuck, just changed hands.

spooderman

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Quote from: byronbb on October 14, 2013, 04:07:49 PM

Quote from: ?? on ??

Quote from: markjamrobin on October 14, 2013, 12:16:29 PM

Apparently MTGOX press release mentions alt-currencies, maybe LTC?

Quote

Once Midas is up and running we will be able to offer the trading of other digital currencies.

Full press release: https://www.mtgox.com/press_release_20131011.html

All very nice, but people can't get fiat out of Gox so... what's the point?

This becomes more a myth as time goes on as we have seen $20million in volume last month. So either millionares are just parking USD @ gox for fun or they CAN get money out.

Can someone please settle this? Wasn't there a bounty offered to anyone who could prove that they had managed to get money out of Gox over the last few months? Was this claimed?

byronbb

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HODL OR DIE

Quote from: ?? on ??

Quote from: markjamrobin on October 14, 2013, 12:16:29 PM

Apparently MTGOX press release mentions alt-currencies, maybe LTC?

Quote

Once Midas is up and running we will be able to offer the trading of other digital currencies.

Full press release: https://www.mtgox.com/press_release_20131011.html

All very nice, but people can't get fiat out of Gox so... what's the point?

This becomes more a myth as time goes on as we have seen $20million in volume last month. So either millionares are just parking USD @ gox for fun or they CAN get money out.

bitcodo

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Can't upload avatar

1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX still filling with 60 BTCs.
The NCA said it had seized millions of pounds worth of the electronic currency. Is their address known?

Is this realy going to happen?

Do we see this:

Walsoraj

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Ultranode

Cracks starting to appear...

molecular

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Quote from: Spekulatius on October 14, 2013, 02:49:44 PM

Food for bears :

https://bitcointalk.org/index.php?topic=82626.new#new

Quote from: https://en.wikipedia.org/wiki/Betteridge's_law_of_headlines

Betteridge's law of headlines is an adage that states, "Any headline which ends in a question mark can be answered by the word no.

The reason why journalists use that style of headline is that they know the story is probably bullshit, and don’t actually have the sources and facts to back it up, but still want to run it.

ChartBuddy

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Walsoraj

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Ultranode

US Gov announces debt ceiling deal, bitcoin drops to single digits. Cheesy

Spekulatius

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Food for bears :

https://bitcointalk.org/index.php?topic=82626.new#new

ChartBuddy

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Chalkbot

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Quote from: ?? on ??

All very nice, but people can't get fiat out of Gox so... what's the point?

They'll be able to get out multiple types of cryptocoins? If we attribute the higher prices on Gox to be a result of USD withdrawal issues, then it stands to reason that adding more altcoins will distribute the price inflation amongst them. (assuming there is a place to sell those coins for fiat).

ChartBuddy

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